Skytech Infinite Platform Ltd IPO
Status: Closed
Overview
IPO date
14 Aug 2026 to 18 Aug 2026
Face value
₹ 0 per share
Price
₹ 73 to ₹77 per share
Issue Size
2,945,600 shares
(aggregating up to ₹ 22.68 Cr)
(aggregating up to ₹ 22.68 Cr)
Allotment Date
19 Aug 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Infrastructure Developers & Operators
Unlock Stock of the Month
T&C*
Strengths vs Risks of Skytech Infinite Platform Ltd
Know the pros & cons
Strengths
- Experienced promoters having deep knowledge to scale up the business.
- Established and proven track record.
- Leveraging the experience of our Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our customers.
- Quality Assurance & Control.
Risks
- The company majorly sells its products in Karnataka and any adverse developments affecting the company's operations in these regions could have an adverse impact on its revenue and results of operations.
- The Company depends upon a Single Manufacturing Unit, making it vulnerable to local disruptions and operational failures.
- The company's raw material procurement is geographically concentrated, making it vulnerable to regional disruptions.
- There are certain discrepancies noticed in some of the company's corporate records relating to forms filed with the Registrar of Companies.
- The Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the company's business, results of operations and financial condition.
- There have been some instances of delayed filing of returns and depositing of statutory dues with regulatory authorities.
- The company's revenue is highly dependent on clients located in India. Any decline in the economic health of India could adversely affect its business, financial condition and results of operations.
- The company's clientele comes from various Industrial Segments, such as, Power, Furnace, Water, Pump Manufacturing, Oil and Gas, Pharma, Steel, Renewable, Software, Transportation etc. and therefore any downturn in these industries may adversely affect the revenue and operating profit of the company.
- The company's registered office and factory is located on premises taken on lease. If the company is unable to renew these leases or relocate on commercially suitable terms, it may have a material adverse effect on its business, results of operation and financial condition.
- The company cannot assure that its projects will be free from defects, which may adversely affect the company's business, financial condition, results of operations, and prospects.
- The company's business is substantially dependent on existing customers and a limited number of key customers, from whom the company derives a significant portion of its revenues. The loss of any significant customer may have a material and adverse effect on the company's business and results of operations.
- The Company has negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
- The company's business is dependent on certain suppliers and the loss of one or more of them would have a material adverse effect on the business.
- The company's business is dependent on information technology systems and the secure handling of confidential information, and any system disruptions, cybersecurity incidents or non-compliance with data protection laws may adversely affect its business.
- The company's insurance coverage may not be adequate to protect it against certain risks, which could adversely affect its business, results of operations and financial condition.
- The company's management will have broad discretion in how its apply the Net Proceeds of the Issue and there is no assurance that the Objects of the Offer will be achieved within the time frame expected, or at all, or that the deployment of Net Proceeds in the manner intended by it will result in an increase in the value of your investment.
- The company's inability to manage its inventory and foresee accurate demand for the company's products for a future period may adversely affect its reputation, business, results of operation and the company's financial performance.
- The company's operations is dependent on high working capital requirements, and any inability to secure sufficient working capital may adversely affect its business, results of operations, and financial condition.
- The company is subject to government regulation, and failures to obtain, maintain, or renew statutory and regulatory approvals may adversely affect its business and results of operations.
- The average cost of acquisition of Equity Shares by the company's Promoters is lower than the Issue Price.
- The company has certain contingent liabilities, which, if materialized, may affect its financial condition and results of operations.
- The company is dependent on Promoters, directors and key managerial personnel of its Company for success whose loss could seriously impair the ability to continue to manage and expand business efficiently.
- The company operates in a highly competitive industry, and its inability to compete effectively with existing or new competitors may adversely affect the company's business, financial condition, and results of operations.
- The success of the company's business strategy depends on its ability to strengthen the company's reputation and expand its product portfolio. Failures to maintain or enhance the company's reputation and consumer trust may materially and adversely affect its business.
- The company's actual results could differ from the estimates and projections used to prepare its financial statements.
- The company's business is dependent on authorizations from third-party companies, and any modification, suspension, or termination of these arrangements could adversely affect its operations and financial performance.
- The company's operations is manpower intensive, and its business is dependent on skilled engineers; any shortage, strike, or disruption in the workforce could adversely affect the company's operations and financial performance.
- The company's operations is exposed to risks of accidents or mishaps, which could result in damage, loss of life, or disruption to its business.
- The company's business could be adversely affected by employee misconduct or errors, which may impact its financial condition, results of operations, and reputation.
- The company's funding requirements and the proposed deployment of the Net Proceeds are based on management estimates and have not been independently appraised.
- In addition to the company's existing indebtedness for its operations, the company may be required to obtain further loan during the course of business. There can be no assurance that its would be able to service the company's existing and/or additional indebtedness.
- The company's lenders has charged over its movable, immovable properties and book debts in respect of finance availed by it.
- The Company does not has any listed peer companies for comparison of performance and therefore, investors must relies on their own examination of accounting ratios of the Company for the purposes of investment in the Issue.
- The company is subject to risks arising from interest rate fluctuations, which could adversely affect its business, financial condition and results of operations.
- The company may not be successful in implementing its business strategies.
- The Logo used by the Company is currently not registered under Trade Marks Act, 1999. Failure to protect its intellectual property rights may adversely affect the company's competitive business position, financial condition and profitability.
- Industry information included in this Red Herring Prospectus has been derived from www.ibef.org and other publicly available sources. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- An inability to renew quality accreditations in a timely manner or at all, or any deficiencies in the quality of the company's products may adversely affect its business prospects and financial performance.
- Major fraud, lapses of internal control or system failures could adversely impact the company's business.
- Risk of the company's recent improvement in profit after tax margin not being sustainable.
- The Company has entered into certain related party transactions and may continue to do so in the future.
- The company has not made any alternate arrangements for meeting its regular working capital requirements. If the company's operations does not generates the necessary cash flow, its working capital requirements may negatively affect the company's operations and financial performance.
- Lack of experience of the company's directors as directorship with any listed entity may impact the business operations and performance of the company.
- Risk that rising employee attrition or inability to retain skilled personnel may adversely affect the company's operations and performance.
- Risk of workplace injuries or operational incidents despite the non-hazardous nature of the company's operations, which may have an adverse impact on its business, operations and financial results.
- Customer complaints or product-related issues may impact the company's business and reputation.
- The company's inability to introduce new products or adapt to evolving customer preferences and regulatory requirements may adversely affect its competitiveness, business operations and future growth.
- The company's reliance on design and development activities is important for its future growth, and any shortfall in these efforts may affect the company's competitiveness.
- The company's operations is subject to environmental, labour, health and safety regulations, and any non-compliance may affect its business.
- The activities carried out at its facilities may cause injury to people or damage to property, which could affect the company's operations.
- The company does not has a credit rating, and this may restrict its access to certain financing options or increase the company's borrowing costs.
- Competition for skilled employees and rising manpower costs may affect the company's profitability.
- The company's business involves product warranties and returns obligations, which may affect its financial performance.
- Risks arising from sanctions, changes in trade policies and the imposition of non-tariff barriers that may adversely affect the company's business.
- Upon completion of the Issue, the company's Promoters may continue to retain significant control, which will allow them to influence the outcome of matters submitted to the shareholders for approval.
- In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect the company's revenue and results of operations.
- There is no guarantee that the company's Equity Shares will be listed on the EMERGE Platform of National stock Exchange of India Limited in a timely manner or at all.
- The requirements of being a public listed company may strain its resources and impose additional requirements.
- Listing of the company's Equity Shares may subject it to surveillance measures such as ASM or GSM, which could affect market perception and trading in the company's shares.
- The Issue Price of the company's Equity Shares may not be indicative of the market price of its Equity Shares after the Issue.
- After this Issue, the price of the company's Equity Shares may be volatile, or an active trading market for its Equity Shares may not be sustained.
- The investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.
- There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
- Any future issuance of Equity Shares may dilute the investors' shareholdings or sales of the company's Equity Shares by its Promoters or Promoter Group may adversely affect the trading price of the company's Equity Shares.
- The Company has not paid any dividends till now and there can be no assurance that its will pay dividends in future.
- The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- The investors may be restricted in their ability to exercise pre-emptive rights under Indian law and may be adversely affected by future dilution of their ownership position.
- You may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.
- The Bidders are not permitted to cancel their bids or lower the size of Bids in terms of quantity of Equity Shares or Bid Amount) at any stage.
- Foreign investors may be restricted in their ability to purchase or sell Equity Shares.
- Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.
- The company's Equity Shares is quoted in Indian Rupees in India, and therefore investors may be subject to potential losses arising out of exchange rate risk on the Indian Rupee and risks associated with the conversion of Indian Rupee proceeds into foreign currency.
How to check the allotment status of Skytech Infinite Platform Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
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The IPO opens on 14 Aug 2026 & closes on 18 Aug 2026.
Skyline Infinite Platform Limited was originally incorporated as a Private Limited Company on May 28, 2009 under the Companies Act, 1956 with the Registrar of Companies, Bangalore and has subsequently converted into Public Limited Company dated July 09, 2024 issued from the Central Processing Centre.
The Company specializes in providing comprehensive turnkey automation solutions, encompassing Design, Engineering, Supply, Installation & Commissioning (I&C), and Maintenance of various types of Control Panels from conceptualization to completion. These panels are designed and assembled to include components such as PLCs, drives, switchgears, sensors, and actuators. In addition, each element is precisely wired to ensure efficient operation, efficient troubleshooting, and optimized commissioning of automated systems.
Functioning as a centralized hub, these panels manage and monitor industrial machinery, enhancing both performance and reliability. The skill lie in developing robust control solutions to serve a wide industries, including Power, Water, Energy, Machine Tools, Infrastructure, Motor Management, Food & Beverages, HVAC, Chemicals & Pharmaceuticals, Automotive, and Process Industries. The diverse product portfolio includes PCC Panels, MCC Panels, VFD Panels, APFC Panels, PLC Panels, and Control Desk Panels. They serve multiple industrial sectors, both in India and internationally, extending to countries such as Bhutan, Thailand, China, Singapore, and the USA.
Company has filed a Draft Prospectus with SEBI & is proposing for IPO, which comprise a fresh issue of 29,46,000 Equity shares of Rs 10 each.
Skytech Infinite Platform Ltd IPO will close on 18 Aug 2026.
- Experienced promoters having deep knowledge to scale up the business.
- Established and proven track record.
- Leveraging the experience of our Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our customers.
- Quality Assurance & Control.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Suma Deiveekan | 4124945 | 60 | 4124945 | 42 |
| 2 | Paramashivam Deiveekan | 2750000 | 40 | 2750000 | 28 |
- The company majorly sells its products in Karnataka and any adverse developments affecting the company's operations in these regions could have an adverse impact on its revenue and results of operations.
- The Company depends upon a Single Manufacturing Unit, making it vulnerable to local disruptions and operational failures.
- The company's raw material procurement is geographically concentrated, making it vulnerable to regional disruptions.
- There are certain discrepancies noticed in some of the company's corporate records relating to forms filed with the Registrar of Companies.
- The Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the company's business, results of operations and financial condition.
- There have been some instances of delayed filing of returns and depositing of statutory dues with regulatory authorities.
- The company's revenue is highly dependent on clients located in India. Any decline in the economic health of India could adversely affect its business, financial condition and results of operations.
- The company's clientele comes from various Industrial Segments, such as, Power, Furnace, Water, Pump Manufacturing, Oil and Gas, Pharma, Steel, Renewable, Software, Transportation etc. and therefore any downturn in these industries may adversely affect the revenue and operating profit of the company.
- The company's registered office and factory is located on premises taken on lease. If the company is unable to renew these leases or relocate on commercially suitable terms, it may have a material adverse effect on its business, results of operation and financial condition.
- The company cannot assure that its projects will be free from defects, which may adversely affect the company's business, financial condition, results of operations, and prospects.
- The company's business is substantially dependent on existing customers and a limited number of key customers, from whom the company derives a significant portion of its revenues. The loss of any significant customer may have a material and adverse effect on the company's business and results of operations.
- The Company has negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
- The company's business is dependent on certain suppliers and the loss of one or more of them would have a material adverse effect on the business.
- The company's business is dependent on information technology systems and the secure handling of confidential information, and any system disruptions, cybersecurity incidents or non-compliance with data protection laws may adversely affect its business.
- The company's insurance coverage may not be adequate to protect it against certain risks, which could adversely affect its business, results of operations and financial condition.
- The company's management will have broad discretion in how its apply the Net Proceeds of the Issue and there is no assurance that the Objects of the Offer will be achieved within the time frame expected, or at all, or that the deployment of Net Proceeds in the manner intended by it will result in an increase in the value of your investment.
- The company's inability to manage its inventory and foresee accurate demand for the company's products for a future period may adversely affect its reputation, business, results of operation and the company's financial performance.
- The company's operations is dependent on high working capital requirements, and any inability to secure sufficient working capital may adversely affect its business, results of operations, and financial condition.
- The company is subject to government regulation, and failures to obtain, maintain, or renew statutory and regulatory approvals may adversely affect its business and results of operations.
- The average cost of acquisition of Equity Shares by the company's Promoters is lower than the Issue Price.
- The company has certain contingent liabilities, which, if materialized, may affect its financial condition and results of operations.
- The company is dependent on Promoters, directors and key managerial personnel of its Company for success whose loss could seriously impair the ability to continue to manage and expand business efficiently.
- The company operates in a highly competitive industry, and its inability to compete effectively with existing or new competitors may adversely affect the company's business, financial condition, and results of operations.
- The success of the company's business strategy depends on its ability to strengthen the company's reputation and expand its product portfolio. Failures to maintain or enhance the company's reputation and consumer trust may materially and adversely affect its business.
- The company's actual results could differ from the estimates and projections used to prepare its financial statements.
- The company's business is dependent on authorizations from third-party companies, and any modification, suspension, or termination of these arrangements could adversely affect its operations and financial performance.
- The company's operations is manpower intensive, and its business is dependent on skilled engineers; any shortage, strike, or disruption in the workforce could adversely affect the company's operations and financial performance.
- The company's operations is exposed to risks of accidents or mishaps, which could result in damage, loss of life, or disruption to its business.
- The company's business could be adversely affected by employee misconduct or errors, which may impact its financial condition, results of operations, and reputation.
- The company's funding requirements and the proposed deployment of the Net Proceeds are based on management estimates and have not been independently appraised.
- In addition to the company's existing indebtedness for its operations, the company may be required to obtain further loan during the course of business. There can be no assurance that its would be able to service the company's existing and/or additional indebtedness.
- The company's lenders has charged over its movable, immovable properties and book debts in respect of finance availed by it.
- The Company does not has any listed peer companies for comparison of performance and therefore, investors must relies on their own examination of accounting ratios of the Company for the purposes of investment in the Issue.
- The company is subject to risks arising from interest rate fluctuations, which could adversely affect its business, financial condition and results of operations.
- The company may not be successful in implementing its business strategies.
- The Logo used by the Company is currently not registered under Trade Marks Act, 1999. Failure to protect its intellectual property rights may adversely affect the company's competitive business position, financial condition and profitability.
- Industry information included in this Red Herring Prospectus has been derived from www.ibef.org and other publicly available sources. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- An inability to renew quality accreditations in a timely manner or at all, or any deficiencies in the quality of the company's products may adversely affect its business prospects and financial performance.
- Major fraud, lapses of internal control or system failures could adversely impact the company's business.
- Risk of the company's recent improvement in profit after tax margin not being sustainable.
- The Company has entered into certain related party transactions and may continue to do so in the future.
- The company has not made any alternate arrangements for meeting its regular working capital requirements. If the company's operations does not generates the necessary cash flow, its working capital requirements may negatively affect the company's operations and financial performance.
- Lack of experience of the company's directors as directorship with any listed entity may impact the business operations and performance of the company.
- Risk that rising employee attrition or inability to retain skilled personnel may adversely affect the company's operations and performance.
- Risk of workplace injuries or operational incidents despite the non-hazardous nature of the company's operations, which may have an adverse impact on its business, operations and financial results.
- Customer complaints or product-related issues may impact the company's business and reputation.
- The company's inability to introduce new products or adapt to evolving customer preferences and regulatory requirements may adversely affect its competitiveness, business operations and future growth.
- The company's reliance on design and development activities is important for its future growth, and any shortfall in these efforts may affect the company's competitiveness.
- The company's operations is subject to environmental, labour, health and safety regulations, and any non-compliance may affect its business.
- The activities carried out at its facilities may cause injury to people or damage to property, which could affect the company's operations.
- The company does not has a credit rating, and this may restrict its access to certain financing options or increase the company's borrowing costs.
- Competition for skilled employees and rising manpower costs may affect the company's profitability.
- The company's business involves product warranties and returns obligations, which may affect its financial performance.
- Risks arising from sanctions, changes in trade policies and the imposition of non-tariff barriers that may adversely affect the company's business.
- Upon completion of the Issue, the company's Promoters may continue to retain significant control, which will allow them to influence the outcome of matters submitted to the shareholders for approval.
- In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect the company's revenue and results of operations.
- There is no guarantee that the company's Equity Shares will be listed on the EMERGE Platform of National stock Exchange of India Limited in a timely manner or at all.
- The requirements of being a public listed company may strain its resources and impose additional requirements.
- Listing of the company's Equity Shares may subject it to surveillance measures such as ASM or GSM, which could affect market perception and trading in the company's shares.
- The Issue Price of the company's Equity Shares may not be indicative of the market price of its Equity Shares after the Issue.
- After this Issue, the price of the company's Equity Shares may be volatile, or an active trading market for its Equity Shares may not be sustained.
- The investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.
- There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
- Any future issuance of Equity Shares may dilute the investors' shareholdings or sales of the company's Equity Shares by its Promoters or Promoter Group may adversely affect the trading price of the company's Equity Shares.
- The Company has not paid any dividends till now and there can be no assurance that its will pay dividends in future.
- The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- The investors may be restricted in their ability to exercise pre-emptive rights under Indian law and may be adversely affected by future dilution of their ownership position.
- You may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.
- The Bidders are not permitted to cancel their bids or lower the size of Bids in terms of quantity of Equity Shares or Bid Amount) at any stage.
- Foreign investors may be restricted in their ability to purchase or sell Equity Shares.
- Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.
- The company's Equity Shares is quoted in Indian Rupees in India, and therefore investors may be subject to potential losses arising out of exchange rate risk on the Indian Rupee and risks associated with the conversion of Indian Rupee proceeds into foreign currency.
The Issue type of Skytech Infinite Platform Ltd is Book Building - SME.
The minimum application for shares of Skytech Infinite Platform Ltd is 3200.
The total shares issue of Skytech Infinite Platform Ltd is 2945600.
Initial public offer of upto 29,45,600 equity shares of face value of Rs. 10/- each ("Equity Shares") of Skytech Infinite Platform Limited (the "Company" or "Issuer") at an issue price of Rs. 77 per equity share (including a share premium of Rs. 67 per equity share) for cash, aggregating up to Rs. 22.68 Crores ("Public Issue") out of which 1,48,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 77 per equity share for cash, aggregating Rs. 1.15 Crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. Issue of 27,96,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 77 per equity share for cash, aggregating up to Rs. 21.54 Crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 29.99% and 28.48% respectively of the post- issue paid-up equity share capital of the company.
Price Band: Rs. 77/- per equity share of face value of Rs. 10/- each.
The floor price is 7.7 times of the face value of the equity shares.
Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.